The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
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SMALL-CAP - WINNERS
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Hostelworld Group PLC, up 7.9% at 158.00 pence, 12-month range 101.00p-173.50p. The Dublin-based online travel agent were on the rise after strong results released last week. Hostelworld posted interim results for the six months ended June 30. Net bookings rose 8.8% to 3.7 million from 3.4 million last year, driven by record performance in Asia and Central America. Adjusted earnings before interest, taxes, depreciation and amortisation increased 88% to €9.6 million from €5.1 million, as margins rose to 21% from 11%. Net revenue marginally moved upwards 1.3% to €46.4 million from €45.8 million.
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SMALL-CAP - LOSERS
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Evoke PLC, down 3.2% at 71.65p, 12-month range 68.90p-296.60p. The Gibraltar-based betting and gaming firm, formerly known as 888 Holdings, remains on the back foot after posting a ‘broadly stable’ second quarter on Thursday. For the six months ended June 30, Evoke is expecting adjusted earnings before interest, tax, depreciation and amortisation to be £35 million to £40 million behind plan. However, it has a more positive outlook for revenue in the second half, with revenue growth expected to be in line with medium-term guidance of between 5% and 9%. Notes that marketing phasing is generally first half weighted, with marketing costs expected to be between £35 million and £40 million lower in the second half.
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